Fitch ups Nadra Bank view to positive

Fitch Ratings said it affirmed Nadra Bank's long-term issuer default rating at B-, short-term issuer default rating at B, individual rating at D/E, support rating at 5 and support rating floor at B-.

Fitch changed the outlook to positive from stable.

The change in outlook reflects the progress the bank is making in expanding its retail franchise and the potential for improvements in core earnings as economies of scale improve, Fitch said.

However, the ratings also reflect high risks associated with ongoing rapid asset growth, potentially vulnerable liquidity and moderate loan impairment coverage combined with currently weak capitalization, the

agency said.

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